CSW Industrials (NASDAQ:CSWI) Price Target Cut to $410.00 by Analysts at Wells Fargo & Company

CSW Industrials (NASDAQ:CSWI) had its price objective cut by Wells Fargo & Company from $425.00 to $410.00 in a report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the basic materials company’s stock.

A number of other research firms have also recently commented on CSWI. Citigroup raised CSW Industrials to a “hold” rating in a research note on Wednesday, November 13th. StockNews.com upgraded CSW Industrials from a “hold” rating to a “buy” rating in a research note on Friday, December 6th. Finally, The Goldman Sachs Group initiated coverage on CSW Industrials in a research report on Friday, December 6th. They set a “neutral” rating and a $450.00 target price for the company. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $430.00.

CSW Industrials Trading Down 2.4 %

CSWI stock opened at $379.74 on Tuesday. CSW Industrials has a 12 month low of $199.20 and a 12 month high of $436.50. The stock has a market cap of $6.39 billion, a PE ratio of 51.60 and a beta of 0.81. The company has a 50-day moving average price of $397.24 and a 200 day moving average price of $336.52.

CSW Industrials Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, October 25th were issued a dividend of $0.24 per share. This is an increase from CSW Industrials’s previous quarterly dividend of $0.21. This represents a $0.96 annualized dividend and a yield of 0.25%. The ex-dividend date of this dividend was Friday, October 25th. CSW Industrials’s dividend payout ratio (DPR) is presently 13.04%.

Insider Buying and Selling at CSW Industrials

In other news, CEO Joseph B. Armes sold 1,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $393.34, for a total transaction of $393,340.00. Following the transaction, the chief executive officer now owns 51,698 shares in the company, valued at approximately $20,334,891.32. This trade represents a 1.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Luke Alverson sold 1,416 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $387.15, for a total transaction of $548,204.40. Following the completion of the sale, the senior vice president now directly owns 17,156 shares of the company’s stock, valued at approximately $6,641,945.40. This trade represents a 7.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 6,381 shares of company stock valued at $2,496,864 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On CSW Industrials

A number of hedge funds and other institutional investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in CSW Industrials by 190.6% during the second quarter. SG Americas Securities LLC now owns 1,831 shares of the basic materials company’s stock worth $486,000 after buying an additional 1,201 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of CSW Industrials by 19.5% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,821 shares of the basic materials company’s stock worth $483,000 after purchasing an additional 297 shares during the last quarter. Raymond James & Associates boosted its position in CSW Industrials by 15.3% during the second quarter. Raymond James & Associates now owns 24,904 shares of the basic materials company’s stock valued at $6,607,000 after purchasing an additional 3,307 shares in the last quarter. HMS Capital Management LLC purchased a new position in CSW Industrials in the second quarter valued at about $641,000. Finally, Bank of New York Mellon Corp raised its holdings in CSW Industrials by 8.5% in the second quarter. Bank of New York Mellon Corp now owns 77,995 shares of the basic materials company’s stock worth $20,693,000 after purchasing an additional 6,137 shares in the last quarter. 82.79% of the stock is currently owned by institutional investors.

About CSW Industrials

CSW Industrials, Inc operates as a diversified industrial company in the United States and internationally. It operates through three segments: Contractor Solutions, Engineered Building Solutions, and Specialized Reliability Solutions. The Contractor Solutions segment provides condensate pads, pans, pumps, switches, and traps; cements, diffusers, grilles, registers, solvents, thread sealants, and vents; line set covers; refrigerant caps; wire pulling head tools; electrical protection, chemical maintenance, and installation supplies for HVAC; ductless mini-split systems installation support tools and accessories; and drain waste and vent system products for use in HVAC/R, plumbing, general industrial, architecturally specified building products.